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J.B. GOODHOUSE REPORTS EARNINGS INCREASE

 J.B. GOODHOUSE REPORTS EARNINGS INCREASE
 MINNEAPOLIS, Aug. 3 /PRNewswire/ -- J.B. Goodhouse, Inc., today


reported earnings of $124,821 for the nine months ended June 30, 1992, up from $75,873 in the same period a year earlier. Earnings per share were 3.6 cents versus 2.1 cents last year.
 In a letter to shareholders, Robert D. Hansen, chairman and CEO, and Pierce A. McNally, president, said:
 "Despite recessionary pressures and the presence of increased competition, the company has been able to continue to expand its customer base. Management has followed through on its current strategic plans by continuing the development of internally generated, high- potential new products; developing closer relationships within the consumer products industry, which can result in additional product offerings; and analyzing acquisition candidates consistent with the company's goal of securing NASDAQ listing.
 "The current year is one of significant transition, including a change in strategy from seeking to identify effective means of 'selling the company' to growing it into a much larger and more profitable public company. In doing so, we hope shareholders will enjoy increases in share value and liquidity.
 "Consistent with these new growth plans, the board of directors has taken measures to further strengthen the management team. Robert D. Hansen has been elected chairman and CEO; Pierce A. McNally serves as president; Paul Bierhaus serves as executive vice president with special responsibility for the development, marketing and sales of plastic products; and Daryl Johnson, CPA, has been elected vice president- finance. John Pagliaro serves as senior vice president-sales and Thomas Herrmann as vice president-promotions.
 "Management projects that the current fiscal year ending Sept. 30, 1992, will be concluded profitably."
 J.B. Goodhouse, located in Bloomington, develops and markets locker organizers and other school-related products. Its shares are traded on the local over-the-counter market.
 J.B. GOODHOUSE, INC.
 Nine Months Ended
 6/30/92 6/30/91
 Sales $1,201,239 $979,569
 Net income $124,821 $75,873
 Earnings per share $.036 $.021
 Average shares outstanding 3,467,250 3,613,000
 -0- 8/3/92
 /CONTACT: Robert D. Hansen of J.B. Goodhouse, 612-935-5364/ CO: J.B. Goodhouse, Inc. ST: Minnesota IN: SU: ERN


KH -- MN018 -- 6230 08/03/92 14:09 EDT
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Date:Aug 3, 1992
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